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Survey Says More Companies Hiring CSOs, Holding Steady on Spending

Seventh Annual Global Information Security Survey: In a sign that companies may finally be getting that security is important, more say they have hired a CSO to take charge of their defenses. (Last of a four-part series)

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By Bill Brenner, Senior Editor

October 29, 2009 — CSO —

READ THE FULL SERIES:

Part 1: Companies Seek Social Networking's promise, Find Peril Instead

Part 2: The Curse of Cloud Security

Part 3: IT Security Outsourcing in Decline; Companies Do More In-house

Part 4: Survey Says More Companies Hiring CSOs, Holding Steady on Spending

Even though the worst economic recession in decades has compelled companies to spend less on outsourced security services and do more in-house, security budgets appear to be holding steady. And more of companies are employing a chief security officer.

That's one of the big takeaways from the seventh-annual Global Information Security survey, which CSO and CIO magazines conducted with PricewaterhouseCoopers earlier this year. Some 7,200 business and technology executives worldwide responded from a variety of industries, including government, health care, financial services and retail.

For an alternate look at the job picture, check out the following:

"I have seen examples where companies are making bigger investments in training over time to make internal staff more security savvy," says Miguel Lopez, a Los Angelas-based IT security practitioner who has worked for such companies as MSC Software and Stamps.com. Part of the reason is that regulatory compliance pressures have jolted open the eyes of top brass who may have been blind to their internal security needs previously. Lopez points to one of his friends in the industry for an example of how things have changed. "My friend, an information security manager, sits on an executive security committee with doctors and other non-IT personnel," he says. "Security is being heard from and listened to more now than ever before."

A New Corporate Commitment
Companies may still struggle with the quality of their data security, but the response to this year's survey suggests their executive peers have agreed, finally, that security can't be ignored.

Companies' budget plans tell part of the story. Not only are more companies investing in security technologies, but overall security investments are largely intact, despite the economy.

Twelve percent of respondents expect their security spending to decline in the next 12 months. But 63 percent say their budgets will hold steady or increase (although fewer foresee increases than did last year).

For starters, more companies are hiring CSOs or chief information security officers (CISOs). Eighty-five percent of respondents said their companies now have a security executive, up from 56 percent last year and 43 percent in 2006. Just under one-third of security chiefs report to CIOs, 35 percent to CEOs and 28 percent to boards of directors.